Think tank offers €100k prize for best EU exit plan

Free-market think tank the Institute of Economic Affairs has launched a competition to identify the best way for the UK to exit the European Union.

The Brexit Prize will award €100,000 (£86,500) to whoever comes up with the best plan for the UK to leave the EU, including exactly how the country will withdraw from the union and how it will re-position itself after the exit.

Former Chancellor Nigel Lawson will act as chairman on the judging panel, which also includes members such as Capital Economics founder Roger Bootle, British constitutional historian David Starkey and Birmingham Edgbaston MP Gisela Stuart.